we saw the btc price breaking the old supply that has held for a while now and for a supply to break means we have a demand, and yes a demand was witnessed and we got rejection on the topmost supply formed at current all time highs and a break of this zone will mean a decent rally to begin. i had my price projections in my previous analysis video hence i didn't do projections here today.
I will expect a retest of the demand and continuation higher but we may not get that immediately as well as the 2 4H candle has shown a lot of bullish presence until the top most supply, so a bullish move may just continue and take out the supply or we see a little range in price as well.
nonetheless, creation of new demand spurs my bullish sentiment.
I will expect a retest of the demand and continuation higher but we may not get that immediately as well as the 2 4H candle has shown a lot of bullish presence until the top most supply, so a bullish move may just continue and take out the supply or we see a little range in price as well.
nonetheless, creation of new demand spurs my bullish sentiment.
